Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against BingX−0.036%7-day average +0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 3 days (all we have)+0.159%+$16 · spread now −0.036%, 7d avg +0.111%

Together, before fees+0.181%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.147% cheaper against BingX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDT	13.036	0.0100	pay 0.0100% / 8h	5h 59m	—	$22.9M	—
Short	SunX LINK-USDT	13.031	0.0100	get 0.0100% / 8h	5h 59m	$33K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee SunXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.111%: −$14.75
Slippage, 4 orders: −$32.31
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$65.06
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; SunX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 9 min ago	1.15 bp	6.9 bp −$7	9.6 bp −$96	18.1 bp −$1,806	40.9 bp −$20.4K
Sell SunX live order book, 5 min ago	13.65 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit

LINK on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX LINK/USD [LINK-USDC]	L −0.0090% / S +0.0167%	1h	13.011	−0.193%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.025	−0.087%	$470K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.015	−0.158%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.879%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.030	−0.044%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.014	−0.169%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.020	−0.123%	$953K	$2.6M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.037	+0.011%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.037	+0.005%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.019	−0.127%	$396K	$317K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.030	−0.047%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.039	+0.027%	$275K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.038	+0.013%	$120.0M	$297.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.037	+0.008%	$84.3M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.037	+0.008%	$27.5M	$82.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.047	+0.084%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.031	−0.038%	$128.5M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.040	+0.031%	$32.5M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.044	+0.061%	$23.1M	$13.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.038	+0.015%	$54.2M	$30.2M	75x	as long as short
BingX LINK-USDTlong	+0.0100%	8h	13.036	long leg	—	$22.9M	—
Variational Omni LINK	+0.0100%	8h	13.019	−0.129%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.031	−0.036%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.036	−0.002%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.037	+0.008%	$134K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.025	−0.084%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.015	−0.159%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	13.031	−0.036%	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.017	−0.146%	$5K	$46K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.011	−0.189%	$642K	$687K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.028	−0.062%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.014	−0.171%	$546K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0142%	1h	13.023	−0.100%	$339K	$378K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0319%	1h	13.021	−0.114%	$773K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	13.011	−0.193%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0416%	1h	13.032	−0.029%	$345K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.019	−0.129%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0628%	8h	13.034	−0.015%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0804%	1h	13.057	+0.161%	$81.5M	$26.4M	10x	as long as short